Producer Manufacturing

Topy Industries, Ltd.

Business Summary

Topy Industries, Ltd. engages in the manufacture and sale of steel products, and automotive and construction machinery components. It operates through the following business segments: Steel, Automotive and Industrial Machinery Components, Power Generation and Others. The Steel segment includes general steel, deformed bars, flat bars, mast rail sections for forklifts, and universal mill plates with grooves. The Automotive and Industrial Machinery Components segment produces wheels for automotive, industrial, and construction use, press products, fasteners for industrial use, and products for construction machinery. The Power Generation segment generates electricity through coal-powered facilities. The Others segment includes wholesale power supplies, indoor and outdoor sign systems, synthetic micas, crawler robots and management of real estate leases and construction. The company was founded in October 1921 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2023	JPY	USD
Revenue	334,496M	2,468.28M
Gross Profit	44,616M	329.22M
Operating income	7,176M	52.95M
Income before tax	7,421M	54.76M
Net income	6,321M	46.64M
EBITDA	20,595M	151.97M
Diluted EPS	276.49	2.04
Dividends Per Share	88	0.64
Total Assets	292,322M	2,196.42M
Total liabilities	170,892M	1,284.03M
Total equity	120,266M	903.64M
Operating cash flow	15,058M	111.11M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Revenue	286,227M	263,305M	225,121M	271,178M	334,496M
Gross Profit	42,119M	36,060M	26,803M	31,056M	44,616M
Operating income	7,506M	2,852M	-2,943M	-1,706M	7,176M
Income before tax	10,345M	1,741M	856M	1,790M	7,421M
Net income	7,114M	-4,496M	579M	387M	6,321M
EBITDA	18,709M	15,308M	9,696M	11,193M	20,595M
Diluted EPS	302.85	-191.41	24.66	16.58	276.49
Dividends Per Share	90	40	20	20	88
Total Assets	284,198M	254,659M	264,672M	282,195M	292,322M
Total liabilities	171,830M	150,852M	156,281M	168,488M	170,892M
Total equity	111,305M	102,732M	107,428M	112,658M	120,266M
Operating cash flow	11,725M	16,206M	5,730M	-5,528M	15,058M

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Revenue	2,581.07M	2,421.73M	2,122.63M	2,413.20M	2,468.28M
Gross Profit	379.81M	331.66M	252.72M	276.36M	329.22M
Operating income	67.68M	26.23M	-27.74M	-15.18M	52.95M
Income before tax	93.28M	16.01M	8.07M	15.92M	54.76M
Net income	64.15M	-41.35M	5.45M	3.44M	46.64M
EBITDA	168.70M	140.79M	91.42M	99.60M	151.97M
Diluted EPS	2.73	-1.76	0.23	0.14	2.04
Dividends Per Share	0.81	0.36	0.18	0.17	0.64
Total Assets	2,567.62M	2,358.93M	2,395.22M	2,324.98M	2,196.42M
Total liabilities	1,552.42M	1,397.35M	1,414.30M	1,388.16M	1,284.03M
Total equity	1,005.60M	951.61M	972.19M	928.18M	903.64M
Operating cash flow	105.73M	149.05M	54.02M	-49.19M	111.11M

Valuation Measures

Mar 2023
PER	7.14
ROA	2.20%
ROE	5.42%
Operating margin	2.14%
Profit margin	1.88%

Key executives

President, Representative Director & Head-Sales: Nobuhiko Takamatsu
Director, Executive Vice President & Head-Finance: Shinichi Kijima
Senior Managing Director & Head-Technology: Masayoshi Takezawa
Managing Executive Officer & Technology Manager: Masahiro Abe
Executive Officer & Manager-Internal Audit: Takanori Kawano

Shareholders

NIPPON STEEL CORP. (20.0%)
Topy Industries, Ltd. (5.0%)
Topy Fund Business Association (4.4%)
Mizuho Financial Group, Inc. (4.1%)
Meiji Yasuda Life Insurance Co. (4.0%)
Topy Industries Employee Stock Ownership Plan (3.0%)
Dimensional Fund Advisors LP (2.1%)
Nomura Asset Management Co., Ltd. (1.9%)
The Vanguard Group, Inc. (1.9%)
Resona Holdings, Inc. (1.7%)

Contact Details

Website:http://www.topy.co.jp
Address: Art Village Osaki Central Tower, 1-2-2 Osaki, Tokyo, 141-8634, Japan
Phone: +81.3.3493.0777

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Competitors

Iochpe Maxion S.A.
thyssenkrupp AG
Titan International, Inc.
Xiamen Sunrise Group Co. Ltd. Class A

Last Updated on 31 May, 2023